USDCAD remains in bearish movement from 1.3793 and the fall extended to as low as 1.3508. Further decline could be expected and next target would be at around 1.3450. Near term resistance is at the falling trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend will continue.
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Sunday 21 May 2017
USDJPY Daily Analysis – May 22, 2017 Forex Analysis
USDJPY is facing the resistance of the descending price channel on 4-hour chart, a clear break out of the channel resistance will indicate that the fall from 114.36 had completed at 110.23 already, then the following rally could take price into 113.50 zone. On the downside, as long as the pair is in the channel, … Continue reading "USDJPY Daily Analysis – May 22, 2017"
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For more short term forex analysis and info visit via USDJPY Daily Analysis – May 22, 2017 . Thanks for your support.
AUDUSD Daily Analysis – May 22, 2017 Forex Analysis
AUDUSD’s rise from 0.7328 extended to as high as 0.7469. The pair is facing the resistance of the descending trend line on 4-hour chart. As long as the trend line resistance holds, the rise could be treated as consolidation of the downtrend from the March 21 high of 0.7749, and another fall could be expected … Continue reading "AUDUSD Daily Analysis – May 22, 2017"
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – May 22, 2017 . Thanks for your support.
GBPUSD Daily Analysis – May 22, 2017 Forex Analysis
GBPUSD moved in an ascending price channel on 4-hour chart which provides resistance at the top trend line and support at the bottom trend line. As long as the pair is in the channel, the uptrend from 1.2365 could be expected to continue and next target would be at around 1.3100. The key support is … Continue reading "GBPUSD Daily Analysis – May 22, 2017"
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For more short term forex analysis and info visit via GBPUSD Daily Analysis – May 22, 2017 . Thanks for your support.
EURUSD Daily Analysis – May 22, 2017 Forex Analysis
After consolidation, EURUSD continued its bullish movement from 1.0839 and the rise extended to as high as 1.1211. Near term support is at the ascending trend line on 4-hour chart. As long as the pair is above the trend line, the bullish movement could be expected to continue, and next target would be at 1.1300 … Continue reading "EURUSD Daily Analysis – May 22, 2017"
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For more short term forex analysis and info visit via EURUSD Daily Analysis – May 22, 2017 . Thanks for your support.
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